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scale. there's new pressure for president obama to retaliate against china after reports say the chinese army has been behind a series of cyber attacks on the u.s. the white house is reporting considering fines and other trade penalties. china denies any involvement, but hacking, those stories are big today. back to you, nicole, you're watching google the day after it it broke above 800, where is it? >> yeah, hey, well, let's talk about google, right? hey, i was checking on it, 8.07 was the high and new hundred level and he's he shouting his opening trades and you can see it above the 800 mark at 805, a good one. stuart: and it broke above 800 on our air as of this time yesterday. nicole, yahoo! what's with it, a new look or something, what's that? >> a new look and the stock is up about 1/2 a percent for yahoo! and that's one that we'll watch as the new look as well on their site. so, keep an eye on that one as well. when i think about google though, i have to double-check, but when that initial public offering happened, i think it was like $84 or something. stuart: yes. >> and it's at
. obama has not had to listen to people who see it differently. he had to listen to 25 minutes, the left is outraged, lecturing the president, and some have taken note. dr. ben carson should be be president. the tax the rich policy is shaky and obamacare is a disaster, but the debate on what to do, what's right to do about it is back on the front burner. "varney & company" is about to begin. did you know not all fiber is the same? citrucel is different- it's the only fiber for regularity that won't cause excess gas. it's gentle and clinically proven to help restore and maintain regularity. look for citrucel today. [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. >> i've got to tell you this was a monday morning stunner. pope benedict announcing he will step down at the end of the month, the first time a pontiff has resigned in over half
. they are very different. good morning, everyone. tonight president obama gives what is being called an aggressive state of the union address. it's been widely leaked. he will call for robust government involvement in the economy. more spending on education, infrastructure and green energy. pay for it with more taxes on the private sector and on the rich. the president says the government can rebuild the middle class. on capitol hill there will be numerous standing ovations, but 80% thinks that the opportunity for the next generation is disappearing. more than half think the economy will never fully recover and just as the president demands more spending, he reports waste and fraud in the program is put in place. there you have it. the great divide. that's perhaps the true state of the union. stay right there, "varney & company" is about to begin with dr. ben carson. >> all right. everybody, the headline of this morning is dr. ben carson, the man who lectured president obama at the national prayer breakfast last week. he joins us right now. dr. carson, you've taken a leadership role
the pictures of president obama playing golf with tiger woods this weekend? neither did we. >> the media covering the president was shut out. the press corps complained. >> folks, there are a lot of holes in the story, specifically 18 of them. but i believe america deserves to know, who drove the cart? who rode shotgun? did the president hit from the ladies' tee? did he replace his divots? or did he send susan rice to cover them up? but folks, oh, yeah, yeah, you're just as upset as i am, i can tell. >> good morning, it's wednesday, february the 20th. with us on set here in new york city, msnbc contributor mike barnic barnicle, economic analyst steve rattner, former policy adviser to the bush administration, dan senor, "fortune's" assistant managing editor, leigh gallagher and editorial writer for "the washington post," msnbc contributor jonathan capehart. morning, everybody. >> morning. >> good morning. >> morning. >> joe and mika have the morning off. have we heard enough yet about the fight between the press and the white house over tiger woods? >> oh, stop it. just please, stop it. >
thinks president obama needs to say and do to grow our economy. liz: but first, today's data download. the dow and the s&p 500 hitting new five-year highs today with the dow pushing back above the 14,000 mark. the nasdaq, though, as we showed you ending the trading day in the red. financials and telecom were today's top performing sectors while technology, consumer staples and health care were the ones that kind of lagged behind. did you see corn? corn falling for an eighth session in a row on reports that output is expected to climb in south america. that supply goes up, corn hits an intraday low of $6.93 a bushel. the grain's lowest price in one month. and u.s. small business owners' confidence increasing just slightly last month but remaining near record low levels. the national federation of independent businesses reporting its index rose to 88.9. the survey says uncertainty about the economy has kept small business owners from hiring and expanding. it's the old u word. david: by the way, it has been a wild day for buffalo wild wings on expectations of their earnings. we don't hav
sense. with president obama going out there saying he wouldn't let a son play in the nfl, i'm not sure. >> you see that there is a lot at stake here. >> exactly. >> all right, guys. as the dudes on the panel here, football is associated with aggression and the manly man thing and the locker room talk and all that, you see women fitting in. >> i'm stunned that the nfl has not done anything about it. a lot of money to be made off of this kicker. >> jacob, is it an issue of opening the gates and the women can go after the nfl or is it an issue of really being an outstanding female athlete? she hasn't played football and soccer, but being an outstanding female athlete and being able to play with the guys. >> great that the nfl opened this opportunity for women to try it. first of all, she is probably a far better football player than i will ever be. it's because of the fact that i am a guy, i will have a chance to play the rules to get into a tryout. it's inspiring. realistically, who knows. we will see from my sisters around the country, they want to be active in sports. >> you see this o
with the president obama. the white house says they will discuss the need for a balanced plan, tax increases and spending cuts to replace across the board government cuts beginning on friday. republicans suggest that is little more than a photo-opportunity. on white house, and democrat continue to warn of significant consequence if republicans fail to sign off than their proposal. >> republicans appear poised to make the biggest mistake at all. they let the sequester painful, arbitrary cuts take effect. across the country, meat inspectors, fbi agents, border patrol agents will be furloughed. >> it is absurd the government can not get by with a little more than a 2% reduction in spending when every working american -- >> senate votes tomorrow on democratic an republican bills to replace the automatic spending cuts. neither is likely to pass. back to you. lori: so rich, is the senate doing what john boehner told it to do, to get off its rear? >> i saw them walking around. so literally yes. melissa: wrel done. very quick. i like that. all right. ratings agency fitch, saying the sequester won't
president obama's bipartisan fiscal commission back in 2010. remember the plan that got thrown under the bus. well, the new plan highlights cuts to the deficit of $2.4 trillion over the next decade. it gets there by raising $600 billion in new tax revenue, cutting $600 billion from medicare and medicaid and $1.2 trillion over ten years in additional spending cuts. diane swonk is chief economist at mesereau financial. alice rev lin was a member of the president's debt commission and is a senior fellow at the brookings institution. michael tanner is a senior fellow at the cato institute. thanks for being here. michael, you say we should not fear door number one. that is the forced budget cuts, what some people know as the skweser, as it stands, which goes into place on friday if we don't do anything. why? >> well, let's remember that first of all these are cults only in the washington sense that any reduction from future planned increases in spending is a cut. the reality is even if the sequester goes into effect, the federal government will spend more every year. by 2022 it will spend $2 tril
simpson who chaired president obama's bipartisan fiscal commission in 2010. the plan that got thrown under the bus. the new plan highlights cuts to the deficit of $2.4 trillion over the next decade. it gets there by raising $600 billion in new tax revenue. cutting $600 billion from medicare and medicaid. and $1.2 trillion over ten years, in additional spending cuts. diane swonk is the chief economist at. michael tanner is a senior fellow at the cato institute. welcome to all of you. michael, let me start with you, you say we should not fear doorm number one. the budget cuts, the sequester, why? >> well let's remember first of all, these are cuts only in the washington sense that any reduction from future planned increases in spending is a cut. the reality is, even if the sequester goes into effect, the federal government will spend more every year by 2022, it will spend $2 trillion more than it is spending today. we're talking about cuts that are 2.4% of total federal spending. if the federal government can't cut three cents out of every dollar without throwing us into the dark ages, then
, a week from now, president obama is going to do his state of the union address, okay? typically the market doesn't respond well when the president talks. then we're going to start to get into some of the nitty-gritty, some of the spending issues. that would be a perfect opportunity for the market to give half of that back. so we've had a 6% rally. why not, you know, reclaim three of that percent over the course of the next few weeks. >> do you feel like we're acting a bit bullish with regard to the markets? i get the feeling it's more buying from kaufton as opposed to selling at this point, right? >> i think that's right. first of all, you've approached a couple of psychological hurdles on the dow and the s&p. we've seen what earnings season is going to give us. we're approaching the sequester cuts on march 1st and there is an increasing belief that they're going to be triggered. and so when you add on to that the fact that payroll taxes went up and the economy is going to be pretty sluggish here in the first half of the year. so i agree with phil that we're probably going to gi
. i think americans are going to wake up. when americans discover how bad obama care is and when obama care starts bankrupting state governments, i think you're going to see a huge rebellion against this president and his policies. >> but when -- when are they going to figure that out, senator? we've been talking about obama care for a long time now, and it's already costing businesses, you know, enormous amounts of money and stopping them from hiring any new headsed to the payroll so when are we going to figure this out in your view? when do you think that happens? >> when republicans begin to present our message better and we tell people whether you're rich, poor or middle class you'll have more jobs and more money if we leave money in your state, leave money in your pocket and that's how the economy will grow. when people figure that out, i think they will come back to the republican party, but they also have to see that what he's planning for us is -- it is bankrupting us as we speak. we're borrowing $50,000 a second and it can't go on. >> i didn't know it was a second. >> let me a
, president obama will attempt to pitch the job to firefighters against further raising taxes on the rich. ers kin and bowls will be here with a solution to the sequester. we'll talk about google as it nears $800 a share. and the company that has written detailed reports on how the chinese are hatching american industry. will join us live in the next hour of "squawk on the street." >> all right. make your past to post nine. >> they did it with the offering. this is holding. freeport did its giant equity offering and moves all the way down. eye a buyer here. >> goldman up on gnc. >> gnc has been remarkable. this is like herbalife is a supplement company. sh a retailer people just love and i think it goes higher. >> gilliad. >> when does it quit? the answer is never in an environment where you still get slow growth and they've got a lot of good stuff in the pipes. >> biomarin. >> this is one of those companies that has been a specialist in or fan drugs. i've had them on air on "mad money." they are a remarkably good cup. >> arco. are they in apple, are they out of apple? i think they're in apple
to us in many, many, many years. >> brown: president obama has recently voiced support for upholding the voting rights act. he's said that if part of the law is struck down, it will be harder to prevent acts of voting discrimination. the case provoked some tough questioning at the court today. and of course marcia coyle of the "national law journal" was there and is back with us tonight. so, marcia, tell us a little bit about the challenge from shelby county. why this particular county what's their argument? >> this case was teed up by an organization here in washington, d.c. known as the project for fair representation. the organization's goal is to eliminate racial and ethnic preferences. the head of the organization looks for clients to bring lawsuits targeting racial or ethnic preferences, it found shelby county, the organization also finds a lawyer, it found burt rhine, a well known, well respected lawyer here in washington, d.c. and it funds the litigation. shelby county agreed to do it, challenged section 5, they went through the lower courts in may. a three-judge panel of the
the benefits of the easy money policy out raise the rest. president obama on the road in virginia with a warning for shipbill is about automatic spending cuts but no sign of progress ahead of friday's deadline. lori: housing market recovery picking up steam, the case schiller report signals improving home prices but not everyone is convinced that we have turned the corner and that includes the report's co-author robert schiller coming up. lori: you'll want to stick around for that. also today we have for you the latest on the battle over martha stewart, the queen of all things domestic testifying in court as macy's tries to blocker deal with j.c. penney. let's get an update on the markets, volatile session indeed. back to the floor of the stock exchange to check in with nicole petallides, cost stocks bouncing back, 1 and points of ayes today. nicole: hy of the day was 13,009/11. not too far off of the high. 13,009, we still are up over 100 points. not a bad start. yesterday we lost 200 points. we had that back and forth action. at first, writing that negative waived out of italy a
. he was 20 years old, lived with his parents. he had no criminal record. >>> president obama ratcheting up the pressure on congress to avoid forced across the board spending cuts, cuts that kick in march 1. the president spoke as first responders looked on. >> these cuts are not smart, they are not fair, they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. this is not an ob tracks. people will lose their jobs. the unemployment rate might tick up again. >> the president criticized republican ideas for avoiding the cuts because they ask nothing he says from the wealthiest americans or from big corporations. >>> just when you thought the government had run out of things to tax, oh, no. a houston suburb with a budget problem has started to charge a crash tax. start next month. drivers will pay up to two grand for road service depending on how bad their auto wreck is even if they don't call for help. i mean, if the county has to pay to help, you know, move those -- >> the pictures of the crashes that they were showing, horrific. a
, political activist, director now, co-chair, president obama's election campaign. welcome to post 9. it's great to have you. >> thank you. >> you know how to light up a room, or a trading floor in this case. >> yeah, thank you. it was a lot of fun. this was my first time here. >> definitely the way to see it. this is the primo tour. when you get to come to the balcony. walk us through the new initiative that we have. do you have to try all of these? >> i tried more than this. i tried many, many, many flavors. i didn't try 4 million, but almost 4 million flavors were submitted to the consumers of this contest. i think the million-dollar prize attracted some people. but these are the three finalists. they're really interesting, good flavors. america gets to vote on the winner. >> can you describe what chicken and waffles tastes like? >> you don't know? have you never had chicken and waffles? >> no. >> i have, but i can't imagine it on a potato chip. >> that was a little interesting taste the first time i tasted it. but really creative. very interesting. the sarachi is nice. cheesy garlic
. >> president obama is beefing up security. he invoked private sector to work with the government to prevent hacking. you look at that and say that's not going to come easy. there's time involved with that. you do this for a living. what do you think can be done right now? >> well, i think companies really need to invest in security. we deal with a lot of the fortune 100 and 1000 companies out there. it's never been easier to break into them. i can't think of a time and place where i've been stopped from breaking into an organization. i think companies really need to take security seriously and really focus on protecting the organizations and intellectual property because the government spt going to be able to do it for them. focusing on fixing high impact vulnerabilities and making sure they can protect their organizations. at the end of the day those seek res make us strong as an economy. these breaches are very, very, very common. we deal with breaches on wide scales all the time and almost always originating from the chinese government. >> pretty frightening. david mckenzie, thanks for y
is a sentiment for the community. >> the gun control debate is still a hot topic right now. president obama hit the road to minneapolis -- calling for gun control legislation. he says, a consensus is emerging for universal background checks for gun buyers. but the president acknowledges. a tough road ahead to pass an assault weapons ban. demo we do not have to agree on everything you to agree that it is time to do something. it will not be a perfect solution but we could make a difference. if that is our responsibility. >> we do not have to do everything we can definitely agree to do something. on military- style assault weapons. and a 10-round limit for magazines still ahead. on this day almost 40 years ago. bay area residents were bracing for * snow. we'll take a look back at some of the video. we'll also be getting a look at our forecast with erica. we continue to track the gas prices coming up. .. today marks the 37th anniversay of a rare bay area snow day. it's been called the snowstorm of 1976. snow blanketed the bay area on february 5th. 37 years ago. this is video taken from our archiv
quality. so we think it's a very fair return. >> david, obama care is coming. how is that going to affect your company? >> we see obama care as driving change in the marketplace and change is good because maybe to your core question, the status quo is not acceptable. we need to take costs out of the system and increase quality. for us, focus more on services. the change in the marketplace is a positive. one of the biggest changes we see happening in the united states is the opportunity to partner with physicians, to collaborate with physicians, to drive increases in health quality. today we have over 50 collaboratives already up and running in the united states where physicians are more paid based on the quality of outcomes haves the quality of services. as a result, people are getting better quality of outcomes, better services and costs are coming out of the system. >> david, give us a -- your outlook for the year ahead and a little bit beyond that. to what extent, when washington is -- it's in the middle right now of the process of trying to find cost savings. do you expect some of tho
will focus on president obama administration's foreign policy, with an eye on his first overseas trip in his new post. >> a new gallup poll shows sources approval rating holding steady but it finds that your than one in seven americans approve of the job lawmakers are doing. eight in 10 americans disapprove of the job congress is doing. the current approval rating is the same as its average in 2012 which was caught was the lowest yearly average since 1974. republicans in congress have an approval rating of 12% while democrats picked up from 15% to 19% in january. taking a look in gas prices this morning, the national average continues to rise it is now $3.70 6¢ for regular state gas. the state of california the average five to $4.18. its absence is go $4.15, and oakland $4.70, in san jose $4.90. >> we have a live look at the bay bridge, already a back up farming. more on drive times coming up. also keeping our eyes on bay area weather, we are 39 degrees this right now going up to 50 degrees. well, well, well. growing up, we didn't have u-verse. we couldn't record four shows at the same time
-- what motivates me. >> president obama will award the medal of honor to clint romesha on monday at the white house. he will also be honored at the pentagon on tuesday, after which he will come back here to minot, north dakota, and continue with his new job. meanwhile, the war in afghanistan continues. more than 60,000 american service members are right now in that country fighting that war.. i'm jake tapper for cnn in minot, north dakota. >>> new developments in the all-out man hunt for a suspected cop killer. right now police keting a california indian reservation. >>> and bracing for a snow making monster. a blizzard taking aim right now at the entire northeast. major cities like boston, right here in new york, smash dab in its path. thousands of flights have already been canceled. good morning. welcome to "early start" this morning. i'm christine romans. john berman is off today. >> thanks for joining us, everyone. i'm zoraida sambolin. it is friday, february 8th. it is 5:00 a.m. here in the east. let's get started. millions of people bracing for what could be a blizzard for
in the next half hour. but first, sorry to do this, we have to talk politics. >>> president obama says more tax revenue will be needed to help reduce the deficit. he'll push to get rid of loopholes such as the carried interest tax break enjoyed by private equity firms and hedge funds. >> i don't think the issue right now is raising rates. the question is, if we're going to be serious about reducing our deficit, can we combine some smart spending cuts, because there's still waste in government, can we reform our health care programs in particular because we spend a lot more on health care than every other country does and we don't get better outcome. so there's a lot of waste in the system and there are things that we can do to reduce health care costs. >> asked about the contraction in fourth quarter gdp in the u.s., president obama blames the dysfunction in washington surrounding the fiscal cliff. a sharp drop in spending did over-shadow strong housing data. it followed unexpectedly strong defense spending in the fourth quarter. maybe some positive news there. tina, from citi, she's been t
the obama could ministers also did in terms of playing from guam to deal with the north korean kim jong-il and the continuing under kim jong-un. this cycle was repeated obviously recently with the december 12, 2012, rocket launch that was successful, and it showed come in 10 straight for the first time critical technology for a long range missile. so why put a satellite into but the important of a builder is it demonstrate long range missile capacity. only eight months earlier, of course a similar rocket shattered over the oc so this was a significant stride forward for north korea military perspective. that was met with a unanimous resolution, 27 and the u.n. security council, which undertook a fair proportion response of targeted sanctions on the space agency and scientists, but it was met with disproportionate asymmetric threats out of north korea, and even though u.n. security council talk about a roadmap to get back to the six-party talks, they were obviously ignored a north korea now has gone ahead with a third nuclear test this month. this new provocations begins a new cycle, so
right now. >>> first lady michelle obama will be at today's funeral for 15-year-old chicago honor student and band majorette who was gunned down one week after performing at president obama's inauguration festivities. she had no gang affiliation and was likely not the intended target. but a week after the inauguration she died of gun violence in chicago. >>> a new study from the national cancer institute shows women who get mammograms yearly instead of every two years do not reduce their risk of being diagnosed with breast cancer. researchers examined the records of about 140,000 women and found no benefit in having the more frequent exams. they did find harm, however. the more times women were screened, the greater their odds of getting a false positive. >> i would love to talk to elizabeth cohen about that. >>> possible evidence there may be life on other planets, and it's coming from this planet. take a look. this is what scientists believe to be the first living bacteria or life form found in antarctica. a half mile below the surface. if cells can survive here, in theory, they
weather. savannah? >> al, thanks. the obama administration is announcing steps to counteract cyber attacks by the chinese government, who allegedly is trying to cause chaos here. >> attorney general and others will be speaking out against the dangers of cyber attacks. major war against the cyber u.s. nonzript neighborhood and this 12-story building, the source of thousands of cyber attacks against 141 u.s. companies, spanning 20 industries. according to a new security report confirmed by u.s. intelligence, it is the headquarters of unit 61398, cyber warriors for china's people's liberty. >> the chinese government sapgsing these attacks. >> among the targets of the hackers, america's very infrastructure. >> now our enemies are seeking the ability to sabotage our power grid, our financial institutions, our air traffic control systems. >> reporter: other targets, the news media, including "the new york times," the washington post and wall street journal. and familiar brands like coca cola, facebook. ugly gorilla and dota, according to this instructional video from the computer security firm t
secretary pitch by obama. recreational equipment. readiness. >> yes. >> interior secretary can scale mountains. >> indeed. >> when we come back, seeking shelter from the bears. we'll find out in "mad dash." we close out the week, if the dow wants to avoid the first losing week of the year, got to close at 14,009. back in a minute. [ male announcer ] i've seen incredible things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ all stations come over to mithis is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. minutes until the last opening bell of the week. let's get cramer's "mad dash." we'll talk
resumed. boston 4i9 with two feet with snow. the governor ordering schools to remain closed. the obama administration declaring a state of emergency in connecticut which will help them get federal moneys for the cleanup. they saw record snow, over three feet. schools there also remaining closed today. we've got some updated outage numbers. some of the figures we had from the weather an hour ago, particularly in rhode island, significantly underreported. here are the new numbers that we have. only 135,000 customers still without power across the northeast. majority in massachusetts, over 110,000. that's down from about 400,000. so they've worked really quickly there. in rhode island the number is now 20,000 down from peak of around 70,000 over the weekend. close to 1400 still in the new york area. and over 200 in connecticut. but that connecticut number might also be higher. the numbers well below hurricane sandy overall. ford's head of u.s. sales says the auto dealer doesn't see any major impacts like they saw during sandy due to the snowstorm. during sandy they lost nearly 200,000 car
. the obama administration is announcing steps to deal with an increase of cyber attacks linked to the chinese government. according to the white house the chinese are trying to cause mass chaos here. andrea mitchell is following the story from washington. good morning to you. >> good morning. today the attorney general and other officials will be speaking out about the dangers of cyber attacks against american trade secrets. even as alarming new evidence points to china's military, as a major source of the cyber war. >>> zeroed in on that shanghai nondiscrypt neighborhood and 12 story building. cyber attacks against 141 u.s. companies spanning 20 industries. according to a new security report, confirmed by u.s. intelligence, the it is the headquarters of unit 61398, the cyber warriors for china's people's liberty. army. >> it's actually not just from china. the chinese government sanctioning these attacks. >> among the targets of the hackers, america's very infrastructure. >> now our enemies are seeking the ability to sabotage our power grid, our financial institutions, our air traffic contro
. so far president obama and congressional republicans have not made any progress on heading off $85 billion in budget cuts. they would take effect automatically on march 1st. the administration says without a deal, we could see less secure u.s. embassies and furloughed air traffic controllers. >>> the national transportation safety board along with the coast guard and the bahamas maritime authority are all investigating the cause of that fire on that cruise ship, the carnival triumph. the fire in the engine room last sunday left the ship powerless. 4,000 people were subjected to five awful days of spoiled food and raw sewage. sewage, flooding cabins. the ship finally docked in alabama late thursday night and the first lawsuit has already been filed. >>> the challenges of adjusting to college life for first-year students. the myth and reality of the freshman 15 coming up next. >>> and why northern california's latest tree sitter is perching herself 50 feet above ground and refusing to come down. >>> these temperatures are cooperating and comin
and andrew ross sorkin. making headlines this morning, president obama is holding a white house open day-to-day hack-a-thon. >> oh. >> it's about hacking. >> duh. >> i thought it was about filling the entire places with hacks. >> i knew that's where you were going. >> that's what i thaw it was, a swear. >> come on, mr. brand new iphone. >> yeah. the administration is inviting developers and tech experts to come and share ideas. i thought it was just axelrod and a couple of the -- you know, i'm sorry. i apologize for that. hack-a-thon res common in the tech industry, complete with beer, pizza, sleeping bags, they're basically athletic events for technical geeks. i can't get beyond what i think a hack-a-thon is. it's such a perfect name. i was just thinking, we just talked about geeks today. did you see google today? >> i did. >> do you know who this guy is? i would feel inadequate. do you know add ward gorey? he was born in 1925 and it's about doodling. but they need to -- those guys at google every day need to prove their ultimate geekiness to us. >> or you can use it as an opportunity t
and first solar, they have been taken off for the past four or five days. president obama spoke very heavily about solar stocks and alternative energy and referenced him again in his inaugural, and they have been up really since november. >> thanks, bob. a market that is rallying here. the market is 40 minutes before the closing bell sounds, and the market is higher, 52 points, and the s&p 500 showing a nice move on the upside, as you can see there. if you can't beat them, join them. best buy is set to begin price matching against online retailers. find out which shock you're better off with next? >> after a huge outcry from fans, including bill and myself, was this a marketing debacle like new coke or stroke of genius to drive sales? stay with us here on "closing bell." would define you as an innovator. to hold more than one patent of this caliber... would define you as a true leader. ♪ to hold over 80,000... well that would make you... the creators of the 2013 mercedes-benz e-class... quite possibly the most advanced luxury sedan ever. see your authorized mercedes-benz dealer for excepti
entirety. >> u.s. companies fighting back against president obama's new health care law. financial times reporting a few employers considering cutting hours of workers so they are not qualified as fulltime workers, rather than in insuring their staff. and other things, paying the penalty instead of paying to in sure. we could have seen this coming, couldn't we? >> there's gambling in casablanca, tyler. i can't believe it. look, remember when they started prescription drug plan for elderly seniors. before medicare didn't cover that. part d. do you know what a good chunk of the cost was? the government wrote checks to corporations so they would not dump seniors from retirement plans if they had been covering medicine already. this was so predicted, chronicle of a big gap in the plan foretold. >> eamon, many people out there believe after all this could end up with fewer people covered than more people covered. i don't know if you subscribe to that but it's an argument out there. >> this is such a big and sprawling new law, hard to they will what the unintended consequences will be. you can
, they voted to put taxes up on the rich. what obama campaigned on. >> i don't necessarily agree with that the republican party made a loft mistakes. obama won the election happenedly. on this particular issue, the number of cut suss half of what you're talking about and if we can shrink the government and it's been shrinking slowly, it's good for the private sector, it's pro groul growth and i think the sequester is not to be feared. actually going to help economy and the stock market. >> defense sector, for instance, is held up under cliff worries. see how it is under these worries. >> the worst case scenarios ain't gonna happen. i have been through this when i worked for flaengt budget bureau. not going to be a government shutdown. there's going to be a continuing resolution. and they are going to reallocate from defense to non-defense. this story is going to turn out good, not bad. that's my point. going to be a plus story, not a bad story. >> larry, thank you for coming in. be sure to catch larry, "the kudlow report," every week night at 7 p.m. eastern time. coke just tanked
38. >> and that's your latest weather. savannah? >> al, thanks. the obama administration is announcing steps to counteract cyber attacks by the chinese government, who allegedly is trying to cause chaos here. >> attorney general and others will be speaking out against the dangers of cyber attacks. major war against the cyber u.s. nonzript neighborhood and this 12-story building, the source of thousands of cyber attacks against 141 u.s. companies, spanning 20 industries. according to a new security report confirmed by u.s. intelligence, it is the headquarters of unit 61398, cyber warriors for china's people's liberty. >> the chinese government sapgsing these attacks. >> among the targets of the hackers, america's very infrastructure. >> now our enemies are seeking the ability to sabotage our power grid, our financial institutions, our air traffic control systems. >> reporter: other targets, the news media, including "the new york times," the washington post and wall street journal. and familiar brands like coca cola, facebook. ugly gorilla and dota, according to this instr
what the impact of obama care really is on the sector. back to you guys. >> all right. thank you, josh lipton. apple is not participating in the broader rally over the past three months. will that change anytime soon? find out how you should be playing apple and the rest of the tech sector right after this break. [ male announcer ] let's say you pay your guy around 2% to manage your money. that's not much, you think. except it's 2% every year. go to e-trade and find out how much our advice and guidance costs. spoiler alert: it's low. it's guidance on your terms, not ours. e-trade. less for us. more for you. [ kitt ] you know what's impressive? a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ >>> about an hour into trading. 7:31 on the west coast, 10:30 on the east coast. acme packet shares rallying on the news, up 22%. blackbe
weeks ago. you've got the fiscal cliff issue resolved, and probably more importantly, president obama seems to have pulled the republicans' fangs with respect to the debt ceiling. that's probably the big risk that the market was worried about. >> you made recent changes to your 2013 allocation strategy. some of them are interesting. high volatility u.s. large caps and micro cap stocks. it would seem you're increasing the beta place. when you say u.s. large cap volatile stocks, what do you mean by that? >> well, we believe that there's an evolution in the asset classes that investors are going to be tapping into in the next decade. you know, if you look back over the last 20 years, people spent a lot of time arguing, what was the value stock, what was a growth stock. and a lot of times it was in the eye of the beholder. volatility is a much more objective mesh yasure of what a stock is. you can do very good long term, 80 and 90-year analysis of what this asset class means. and right now, we show high volatility stocks have been beaten down very, very much in the rally, relative to low
could be obama care. do you think that they will expand to employees but no more? what is the impact that you see? >> that is the biggest concern of our franchisees. they don't have enough information. they don't know what they're looking forward to. it's causing a lot of concern. that, too, will also pass through the consumer. >> would it be a big subway outlet, wouldn't it? >> single store has about a dozen employees. >> it's 13 years since you wrote the book "start small, finish big" which was about grass roots entrepreneurship. do you think the environment for those chasing the american dream by setting up their own business has gotten worse or better in those 13 years? >> it's continuously gotten worse, because there's more and more regulations. it's tougher for people to get into business. especially a small business. i tell you, if i started subway today, subway would not exist. because i had an easy time of it in the '60s when i started. i just see a continuous increase in regulation. >> do you have to change the franchises, or is it more generous to startups? do you advance
of what happened in newtown as well as concerns president obama would try to restrict gun sales. more on that on my blog tradertalk.cnbc.com. >> bob, welcome home. good to see you back. rick santelli in chicago. good morning, rick. >> good morning, carl. we've all heard the news, there's a lot of gdp shrinkage in japan and third quarter, eurozone. it's very difficult to tell sometimes. look at a 24-hour chart of our ten-year, think what the multinational companies are thinking, looks like rates going you up, auctioned off ten-years, 24 billion. there's a rogue, a new guy on the block. it distorts it a bit. you can see we're coming back down. these yields on this new guy, still a good chance we'll settle above 201.5 close, going back to early april. if you look at a two-day chart of the boone, you can see dynamics in place, about face, suggestion of data, weaker data showed up in the marketplace. look at spain, this is really interesting. a two-week chart of spain basically, wow, these yields are really going down. are even the southern countries have their funding issue fixed now beco
, a hack-a-thon at the white house. we have the details on president obama's silicon valley-like soiree. >>> welcome back to "squawk on the street." it's friday. therefore, it's friday's i decisi edition of the "santelli exchange". the big issues of the day are all wrapped around debt and deficits. no matter how you want to spin it, how you want to deal with it, how you want to avoid it or how you want to get around it, these are at the epicenter. i think back, fannie, freddie, don't see many solutions. those are called government-sponsored enterprises. basically agencies of the federal government that were set up and the boiler-plate was, not guaranteed by the u.s. government. what in essence they were. now, let's think back to some of the new issues of the day, infrastructure bank. in the state of the union, the president called for this as something to build and save the country and the economy. now, let's also look at some acronyms. transportation infrastructure finance and innovation act. that will be expanded to, yes, rise of the zombie clones to create another agency very similar
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